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EURUSD trade ideas

EURUSD H1 05/12/2024 - SELL below 1.0510 OR BUY above 1.05350Multi-Timeframe Analysis D1 (Daily Timeframe) Trend: Consolidation with slight bullish bias as price is near 1.0530–1.0550 resistance. Price is trading near the upper Ichimoku boundary, but the 200 SMA remains above, capping gains. Indicators: RSI (14): 42.4, neutral. Stochastic (14,3,3): Bullish crossover but near overbought. MACD (12,26,9): Negative histogram but narrowing, indicating weakening bearish momentum. Key Levels: Resistance: 1.0550–1.0580. Support: 1.0500 and 1.0475. H4 (4-Hour Timeframe) Trend: Neutral to bullish; price is above the Ichimoku Cloud and key moving averages. Indicators: RSI (14): 55.1, leaning bullish. Stochastic (14,3,3): Overbought but stabilizing. MACD (12,26,9): Positive histogram, confirming recent upward momentum. Key Levels: Resistance: 1.0550–1.0580 (top boundary). Support: 1.0500 and 1.0475 (Ichimoku baseline and prior swing low). H1 (Hourly Timeframe) Trend: Consolidation; price is oscillating between 1.0510–1.0535. Indicators: RSI (14): 61.4, bullish. Stochastic (14,3,3): Neutral after exiting overbought territory. MACD (12,26,9): Positive histogram with moderate upward momentum. ATR (14): 11 pips, indicating low volatility. Key Levels: Resistance: 1.0535 and 1.0550. Support: 1.0510 and 1.0500. M30 (30-Minute Timeframe) Trend: Similar to H1, consolidating within the 1.0510–1.0535 range. Indicators: RSI and Stochastic are neutral, with MACD showing moderate bullish momentum. Trade Scenarios Scenario A: Bullish Continuation (BUY Setup) Rationale: If the price breaks above 1.0535, it could target the next resistance at 1.0550 and higher. Setup Details: Entry Price: Above 1.0535 (breakout confirmation). Stop-Loss: 1.0510 (below consolidation support). Take-Profit Levels: TP1: 1.0550 (H4 resistance). TP2: 1.0580 (Daily resistance). Risk/Reward Ratio: ~1:2. Scenario B: Bearish Reversal (SELL Setup) Rationale: If the price fails to hold above 1.0510, a reversal toward support levels could occur. Setup Details: Entry Price: Below 1.0510 (breakdown confirmation). Stop-Loss: 1.0535 (above consolidation resistance). Take-Profit Levels: TP1: 1.0490 (M30 support zone). TP2: 1.0475 (H4 support). Risk/Reward Ratio: ~1:2.
by napoleon182
EURUSD The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0537 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.0506 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURUSD Will Go Higher From Support! Long! Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.052. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.068 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURUSD - Possible Scenarios For US SessionEURUSD is currently at a make or break situation. Overall there's been a Bearish momentum however price is in correction mode. Above possible scenarios are for high impact news coming in US session. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
by MarketsPOV
Potential bullish rise?The Fiber (EUR/USD) has reacted off the pivot and could rise from this level to the overlap resistance. Pivot: 1.0469 1st Support: 1.0391 1st Resistance: 1.0595 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
The #1 Explaination Of What Short Selling IsYesterday was more like a movie as I began to reflect on the days when I did not understand capital markets - The time I would have given up on myself and not known the power of understanding how to trade the capital markets. Sadly the capital markets are very hard to understand but with a lot of patience, you will know them Today I want to show you how to short sell. And to show you that You don't need to fear short-selling its just that I prefer to accumulate not distribute If you are a beginner you may not understand this but as a trader, you have to choose One side...think of short sellers like the away team, and long buyers as the home team In order to play the capital markets you have to choose your team and stick to it Because this will give you a better understanding of the capital markets Now look at this price action the price is overbought meaning there are a lot Of sellers, because the stock of the product is too much hence they have to sell at a discount price. Because of this, the buyer is forced to buy insurance on his losses to cover the cost of inventory does this make sense? You are selling insurance to the buyer so that he can cover his cost to buy more inventory inventory is an expense so the buyer is not making a cash profit on this trade instead, he is making a loss with the plan to sell the inventory at a higher price in the future to cover this loss.You on the other hand as a short seller you are making cash profit Because your insurance contract price has increased Look again at this chart CAPITALCOM:EURUSD the price on the stochastic RSI is overbought That means the buyer has to much inventory and he needs to insure it against damage. Your role as a short seller is to sell him insurance. Explaining short selling can be a challenge but to cut the long story "short" You are selling insurance on the inventory that the buyer holds. If you short-sell this Forex pair remember to not use more than x5 margin and take at least 20% profit. Also note that this week is the unemployment rate FRED:UNRATE will be announced in the news on friday Which in my opinion is a huge catalyst for this currency pair CAPITALCOM:EURUSD Trade safe full disclosure am not participating in this trade. Also this chart reminds me of the rocket booster strategy from the short side: 1.Price has to be below the 50 SMA 2.Price has to be below the 200 SMA 3.Price should gap down. check out the references below to learn more about this strategy about the rocket booster strategy Rocket boost this content to learn more Disclaimer: Trading is risky please learn risk management and profit-taking strategies. Also feel free to use a simulation trading account before you trade with real money.
Short
by lubosi